BRIEF-Novik announces LOI regarding proposed acquisition by Clearview Capital

Mon Nov 18, 2013 8:47pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Nov 18 (Reuters) - Novik Inc : * Announces letter of intent regarding proposed acquisition by clearview

capital * Says aggregate purchase price of about $45 million * Clearview Capital to acquire all issued and outstanding common shares of co

for a cash consideration of $0.85 per share * Letter provides for a break fee of $1.8 million to be payable by Novik to clearview if the letter is terminated * Source text for Eikon * Further company coverage